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Yes, it is legal but that shouldn't stop you from selling. You just need to mention it when you advertise- this property is subject to ROFR. Those looking to purchase at that property will be familiar with the implications. What view do you own? If Island view the $7500 isn't that bad of an offer. If you own Ocean view or Ocean front you probably want to find a broker that speciallizes in Vistana (formally Starwood) Hawaiian properties.